Kakao to Acquire S. Korea’s Top Music Streaming Provider

SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it will take over a controlling stake in LOEN Entertainment Inc., expanding its business scope to cover music streaming. Under the plan, Kakao will purchase a 76.4 percent stake in the country’s leading provider of music streaming and download [...]